Jumia: Can the African expertise large maintain its guarantees?

  • Nancy Kacungira
  • BusinessAfrica

Photo credit, NYSE

picture caption,

Jumia became the first African technology company to be listed on the New York Stock Exchange in April 2019

Juma’s historic IPO could not have started better. The day Jumia became the first African technology company to list on the New York Stock Exchange, the pomp was huge.

International media noticed this and investors rushed in, the stock price rose more than 70% that day, but the pomp was short-lived.

“There are 700 million people in the countries where we operate, and last year we served more than four million consumers,” Sacha Poignonnec, co-executive director, told the BBC on the stock exchange.

For reading especially on BBC Africa:

Leave a Comment